TreeHouse Foods, Inc. (NYSE:THS) Given Consensus Rating of “Hold” by Brokerages

TreeHouse Foods, Inc. (NYSE:THS) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have covered the stock in the last year is $34.83.

THS has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Barclays lifted their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Truist Financial reduced their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Jefferies Financial Group reduced their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th.

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after buying an additional 918 shares during the last quarter. KBC Group NV increased its position in TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after acquiring an additional 564 shares during the period. Sterling Capital Management LLC increased its position in TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after acquiring an additional 1,361 shares during the period. CIBC Private Wealth Group LLC increased its position in TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after acquiring an additional 1,508 shares during the period. Finally, Legacy Wealth Asset Management LLC bought a new position in TreeHouse Foods during the fourth quarter worth $216,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Stock Performance

Shares of THS opened at $31.52 on Friday. The company’s 50 day moving average price is $33.81 and its 200 day moving average price is $36.73. TreeHouse Foods has a 52 week low of $28.04 and a 52 week high of $43.84. The company has a market capitalization of $1.58 billion, a PE ratio of 58.37 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. TreeHouse Foods’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. Research analysts expect that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.